Trump Backs Warsh, Blames Fed Board for Rate Hike
Trump said the board ignored his call for cuts as the Fed raised rates to 3.75% to 4% and markets rallied Thursday.
- On Thursday, President Donald Trump reiterated demands for lower interest rates while maintaining support for Fed Chairman Kevin Warsh following Wednesday's rate hike.
- The Federal Reserve raised rates to a range of 3.75% to 4% on Wednesday, citing inflation that "remains elevated" and pledging a "timelier return" to its 2% target.
- Trump noted three of the seven-member board are his appointees—Warsh, Supervision Michelle Bowman, and Christopher Waller—though all seven governors unanimously approved the increase.
- U.S. Stocks rebounded Thursday as Treasury yields eased, while Trump renewed demands on social media that rates "should be 1%, or less" and urged the Fed to "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"
- With interest expenses topping $1 trillion during fiscal 2026, fiscal pressure intensifies as Trump deflects blame to the broader board instead of former Chair Jerome Powell.
17 Articles
17 Articles
Trump Defends Fed Chair Warsh, Calls Board 'Political'
President Trump defended his hand-picked Federal Reserve chairman after a unanimous board vote to raise interest rates, but accused the rest of the Fed's governors of acting out of political spite weeks before the November midterm elections. Trump told reporters Wednesday upon arriving in North Carolina for a campaign rally that he still has confidence […]
(Seoul = Yonhap News) Reporter Jung Joo-ho = U.S. President Donald Trump told Federal Reserve Chairman Kevin Warsh not to oppose interest rate hikes and that the 'board of directors...
Trump backs Warsh, blames Fed board for rate hike - The Daily Bo Snerdley
(The Center Square) – President Donald Trump blamed the Federal Reserve board for raising interest rates against his wishes, but the board he faulted includes three of his own appointees, all of whom voted for the increase. Trump said he still backs Fed Chairman Kevin Warsh, whom he appointed, after the central bank raised rates despite his demands for cuts. He turned his criticism instead on the other members of the board. “I do. I mean, I’m …
Pacific Daily News
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Trump backs Warsh, blames Fed board for rate hike
(The Center Square) – President Donald Trump blamed the Federal Reserve board for raising interest rates against his wishes, but the board he faulted includes three of his own appointees, all of whom voted for the increase.
How Warsh Raised Rates Without Drawing Trump’s Ire
“President Trump spent months attacking the Federal Reserve for keeping interest rates too high. On Wednesday, the central bank raised them, and Trump said he was standing by the chairman he picked,” the Wall Street Journal reports. “The mild response was the clearest sign yet that Fed Chairman Kevin Warsh has, for now, reset a […]
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